Positions | Today | Yesterday | % Change | |
Longs | 62% | 64% | -3.23% | |
Shorts | 38% | 36% | 5.26% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇒ | ⇒ | ⇘ |
The previously observable dominant descending patterns on the EUR/USD chart were removed on Tuesday, as the surging momentum of the rate has managed to break both of them.
Meanwhile, the rate continues to surge in the borders of a medium scale ascending pattern, which, together with the 55 and 100-hour simple moving averages, has provided the rate with the needed support. Namely, the rate has surged up to the resistance of a monthly pivot point near the 1.1690 level.
On Tuesday, the rate was consolidating its previous gains and waiting for the 55 and 100-hour SMAs to catch up before continuing the surge.